“In this instance, we intend to pay for the much-needed dorm renovations by using the proceeds from the sale of select paintings from the campus art museum,” Padilla said, going on to note that the university’s board “granted me the authority to sell the paintings at its October 2022 meeting.”
The paintings, which Padilla did not name in the letter, include O’Keeffe’s “Rust Red Hills,” Frederic E. Church’s “Mountain Landscape” and “The Silver Vale and the Golden Gate” by Childe Hassam.“At this time we are still completing due diligence for the proposed sale of the artwork and have no further updates,” Fenton said in his Tuesday email.
Two of the three paintings were purchased through a restrictive trust agreement that states that the proceeds from the sale of those pieces is to be reinvested back into the museum’s collection. “I don’t know that there’s anywhere in the strategic plan for buying more property,” he said, adding the university already has buildings it can’t maintain, such as the Art-Psychology Building that burned down on April 29.
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